The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
BAUSCH HEALTH COS INC COM 071734107 7,225 395,000 SH   DFND 1,2 395,000 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 535 2 SH   DFND 1,2 2 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 8,926 50,000 SH   DFND 1,2 50,000 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 60,568 339,300 SH   DFND 1,3 339,300 0 0
BIGLARI HLDGS INC COM STK CL A 08986R408 8,597 25,663 SH   DFND 1 25,663 0 0
BIGLARI HLDGS INC COM STK CL A 08986R408 12,252 36,572 SH   DFND 1,2 36,572 0 0
BIGLARI HLDGS INC COM STK CL A 08986R408 23,764 70,937 SH   DFND 1,3 70,937 0 0
BIGLARI HLDGS INC COM STK CL B 08986R309 4,957 71,855 SH   DFND 1 0 0 71,855
BIGLARI HLDGS INC COM STK CL B 08986R309 25,228 365,726 SH   DFND 1,2 0 0 365,726
BIGLARI HLDGS INC COM STK CL B 08986R309 48,933 709,377 SH   DFND 1,3 0 0 709,377
CRACKER BARREL OLD CTRY STOR COM 22410J106 221,820 2,000,000 SH   DFND 1,3 2,000,000 0 0
ELECTRONIC ARTS INC COM 285512109 277 2,100 SH   DFND 1,2 2,100 0 0
ENERGY TRANSFER LP COM UT LTD PTN 29273V100 523 73,477 SH   DFND 1,2 73,477 0 0
UNICO AMERN CORP COM 904607108 2,646 527,100 SH   DFND 1,2 527,100 0 0